Ex-Kleiner Perkins partner raising third fund for consumer firm

Goodwater Capital, co-founded by ex-Kleiner Perkins partner Chi-Hua Chien and Eric Kim, formerly of Maverick Capital, is raising a third venture capital fund with a target of $350 million, according to an SEC filing. Why it matters: The firm's latest fund is its largest yet, showing that there's an ever-present appetite for investing in consumer startups. [ Axios ]

SoftBank chief Masayoshi Son’s arrival to India recently has added another dimension to Flipkart’s acquisition talks going on in the industry, Inc42 has reported. SoftBank, which is the biggest stakeholder in Flipkart, reportedly is in favour of Amazon acquiring Flipkart over Walmart as in that case there are chances that it would get to keep its shares in Flipkart post the merger
too.

Though YNAP is a digital pioneer, it apes a traditional department store. It buys stock and holds it until it is sold to customers. In contrast, the majority of Farfetch's business is selling products on behalf of boutiques, which pay it a commission on every item it shifts. [ Bloomberg ]

Eric Feng, Partner at Kleiner Perkins Caufield & Byers, is a builder, a tinkerer and a founder at heart. With a background in computer engineering, Eric has always been drawn to creation, and found his niche in consumer tech businesses, having been the first head of engineering and product at Hulu, and since then going on to found a number of content and commerce platforms himself. It’s not often that you find investors who have found success as CTO, founder and
investor alike, but Eric has done just that, and it’s that rare combination that gives him such a unique outlook on what it takes to build successful consumer businesses. Last week, we brought together a group of would-be founders in NYC to hear about Eric’s career path, tips for startup founders, and his take on the current tech landscape. [ primary.vc ]

Substack raises $2 million to prove newsletters can help media

Substack, a San Francisco-based startup that provides users with tools to publish paid (or free) subscription newsletters, has raised $2 million in seed funding.

Why it matters: The media industry has been scrambling to figure out how to pay for journalism and content, and a growing number of organizations believe subscriptions can be a solution. [ Axios ]

This Indian Startup That Helps Couples Organise Their Weddings is Luring HNIs to Invest in Them

With respect to bringing in a touch of organization into unorganized domains of Indian society, it is now heartening to know that there are ventures that are engrossed in doing just this. The major development is that such startups have also started getting the recognition they deserve along with attracting quality funding and mentorship. [ Entrepreneur ]

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